First Interstate Bancsystem Inc (NASDAQ:FIBK) CEO Kevin P. Riley bought 800 shares of the stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $41.34 per share, for a total transaction of $33,072.00. Following the purchase, the chief executive officer now owns 28,349 shares of the company’s stock, valued at approximately $1,171,947.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of First Interstate Bancsystem Inc (NASDAQ FIBK) opened at $40.65 on Thursday. The stock has a market capitalization of $2,290.00, a P/E ratio of 19.73, a P/E/G ratio of 1.50 and a beta of 1.11. First Interstate Bancsystem Inc has a 12-month low of $33.33 and a 12-month high of $45.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.79.

Get First Interstate Bancsystem alerts:

First Interstate Bancsystem (NASDAQ:FIBK) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.08). The company had revenue of $138.03 million for the quarter, compared to analyst estimates of $138.00 million. First Interstate Bancsystem had a return on equity of 9.37% and a net margin of 19.90%. analysts forecast that First Interstate Bancsystem Inc will post 2.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, February 12th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, February 9th. This represents a $1.12 dividend on an annualized basis and a yield of 2.76%. This is an increase from First Interstate Bancsystem’s previous quarterly dividend of $0.24. First Interstate Bancsystem’s dividend payout ratio is currently 46.60%.

A number of equities analysts have recently weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating on shares of First Interstate Bancsystem in a research note on Wednesday, January 31st. Barclays increased their price target on First Interstate Bancsystem from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 price target on shares of First Interstate Bancsystem in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised First Interstate Bancsystem from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $44.75.

A number of large investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in First Interstate Bancsystem by 31.9% during the third quarter. Victory Capital Management Inc. now owns 5,977 shares of the financial services provider’s stock worth $229,000 after buying an additional 1,446 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of First Interstate Bancsystem by 3.4% in the 3rd quarter. Rhumbline Advisers now owns 44,834 shares of the financial services provider’s stock valued at $1,715,000 after purchasing an additional 1,490 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of First Interstate Bancsystem by 34.4% in the 2nd quarter. Legal & General Group Plc now owns 6,357 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 1,627 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of First Interstate Bancsystem by 29.2% in the 2nd quarter. Citigroup Inc. now owns 11,196 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 2,532 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of First Interstate Bancsystem in the 3rd quarter valued at $105,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “First Interstate Bancsystem Inc (FIBK) CEO Kevin P. Riley Purchases 800 Shares” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.com-unik.info/2018/02/08/first-interstate-bancsystem-inc-fibk-ceo-kevin-p-riley-purchases-800-shares.html.

About First Interstate Bancsystem

First Interstate BancSystem, Inc is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington.